EUR 160.00 For Business Accounts Only

Research Note englisch - Media and Games Invest plc - 27.08.2020

Media and Games Invest plc (formerly Blockescene plc) has a profitable and growing portfolio of games and digital media companies. The group's primary objective is to grow through acquisitions of companies, restructure them and integrate them into a large platform. So far, this strategy has produced various synergies such as cost reductions, leverage and economies of scale. According to management, only a few competitors, especially in the gaming sector, are pursuing this strategy, leaving room for acquisitions at a favourable price.
In 2020, the following has already been achieved: 1) the acquisition of the North American mobile data platform Verve Group, 2) an increase in the shareholding of gamigo AG from 53% to 98%, 3) the purchase of the programmatic advertising company Plattform 161 and 4) a minority stake in ReachHero. In the current COVID-19 pandemic, video games have once again proven to be crisis-proof and non-cyclical. As consumers had had more leisure time, the demand for entertainment and thus for video games has increased strongly. As reported,
the number of new players for gamigo's multiplayer online games rose by 35.0% in March 2020 compared to January/February. In July 2020, the MGI share was admitted to the Scale Segment (previously: Basic Board) of the German Stock Exchange.